OneCoin fraudster Frank Schneider has misplaced his attraction in opposition to extradition to the US.
A number of information sources have reported Schneider’s attraction was rejected by the Court docket of Cassation on Tuesday.
Nothing appears to face in the way in which of the previous quantity 3 of the Luxembourg intelligence companies Frank Schneider being extradited from Lorraine, the place he at present resides, to america.
RTL studies;
On Tuesday, the Court docket of Cassation in Paris introduced its determination to permit the extradition of the Luxembourgish businessman to america.
And for good measure we’ll additionally embody the paywalled Reporter piece;
The previous worker of the Luxembourg secret service, Frank Schneider, might be extradited from France to the USA.
That is the conclusion reached by the French Court docket of Cassation in Paris, which on Tuesday rejected an objection by the ex-agent in opposition to such extradition.
Having misplaced his objection to extradition and now attraction in opposition to that call, a ultimate determination on Schneider’s extradition rests with the French authorities.
As I perceive it, with the judicial course of having performed out it’s unlikely they’ll intervene. When a choice will likely be made on Schneider’s extradition nonetheless will likely be unclear.
Hopefully it’s quickly as Schneider (proper) simply grew to become a fair greater likelihood flight-risk.
Pending the result of his extradition proceedings, Schneider was launched to his residence in Joudreville – simply 30 km from France’s Luxembourg border.
Ought to Schneider flee, as a consequence of his political connections, it’s anticipated he’ll face no repercussions in Luxembourg.
Schneider is a former Luxembourg Spy Grasp. He labored immediately with founder Ruja Ignatova, offering intelligence and overseeing cash laundering operations.
Schneider has already admitted he laundered cash for Ignatova. By his firm Sandstone, Schneider claims he made “4 to 5 million euros”.
Given Mark Scott, who was decrease on the OneCoin totem pole, pocketed over $50 million, the precise quantity Schneider obtained is prone to be a lot greater.
Schneider’s US indictment particulars prices regarding conspiracy to commit digital fraud and launder cash. He’s dealing with 20 years per depend on an unknown variety of counts (the indictment has but to be made public).
Schneider, 53, expects to lose the case within the US. He has described his extradition as a “demise sentence”.